February 23, 2017 11:45 AM ET

Insurance

Company Overview of The United Kingdom Mutual Steam Ship Assurance Association (Bermuda) Limited

Company Overview

The United Kingdom Mutual Steam Ship Assurance Association (Bermuda) Limited provides mutual marine protection and indemnity insurance in respect of third party liabilities and expenses arising from owning ships or operating ships as principals. The company offers ship owners’ liability insurance and risk management solutions; and major casualty response, underwriting, risk management, claims management, and other services, as well as conducts events and seminars. It also provides loss prevention (LP) services, including ship inspection and PEME services; LP products, such as books/pamphlets library, checklists, videos, posters, and applications; and LP information, including LP bulletins, t...

1st Floor Chevron House

11 Church Street

Hamilton,  HM11

Bermuda

Founded in 1869

Phone:

441-292-4724

Key Executives for The United Kingdom Mutual Steam Ship Assurance Association (Bermuda) Limited

Chairman and President
Age: 55
Deputy Chairman and Vice President
Deputy Chairman and Vice-President
Age: 64
Deputy Chairman and Vice-President
Loss Prevention & Ship Inspection Director
Compensation as of Fiscal Year 2016.

The United Kingdom Mutual Steam Ship Assurance Association (Bermuda) Limited Key Developments

UKP&I and Britannia Clubs Terminate Their Merger Talks

The Britannia Steam Ship Insurance Association Limited and The United Kingdom Mutual Steam Ship Assurance Association (Bermuda) Limited have terminated discussions over the potential merger of the two clubs. The clubs said in a statement that following the announcement of discussions in February, a number of potential synergies and benefits were recognised, but no agreement could be reached on acceptable terms. No further comment is being made by either party.

UK P&I Club And Britannia Club In Merger Talks

The boards of The United Kingdom Mutual Steam Ship Assurance Association (Bermuda) Limited (UK P&I Club) and The Britannia Steam Ship Insurance Association Limited (Britannia Club) two of the oldest P&I clubs in the world, respective leaders in their field and strong supporters of mutuality, announce they are in merger discussions. The boards of the Clubs will now begin a process to determine whether the merger is possible and delivers appropriate benefit to their respective Memberships. Ultimately, the decision on whether to proceed with a merger will be decided by the Members at Special General Meetings to be convened later in the year. The talks are concurrent with discussions between their managers, Thomas Miller and Tindall Riley, both leading international providers of insurance and professional services, which would also lead to a merger of the respective businesses should the Clubs decide to merge.

The United Kingdom Mutual Steam Ship Assurance Association (Bermuda) Limited, Board Meeting, Oct 26, 2015

The United Kingdom Mutual Steam Ship Assurance Association (Bermuda) Limited, Board Meeting, Oct 26, 2015. Agenda: To consider the General Increase for the 2016 renewal will be 2.5%.

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